NewsFlashAsia PX April ACP settles $90/t up

01 April 2008 11:47  [Source: ICIS news]

SINGAPORE (ICIS news)--The April Asian Contract Price (ACP) for paraxylene (PX) was settled $90/tonne higher from March in line with the earlier settlements by Idemitsu and Exxonmobil, traders said on Tuesday.

The prices were fully settled at at $1,260/tonne CFR (cost and freight) Asia, they added.

The settlement could have taken place earlier on Tuesday but no confirmation was available from the suppliers and buyers concerned as a number of them were attending the 33rd National Petrochemical & Refiners Association (NPRA) conference in San Antonio, US, they said.

PX spot prices in Asia were stable at $1,295-1,310/tonne CFR Taiwan on Tuesday, according to global chemical markets intelligence service ICIS pricing.

The NPRA conference began on Sunday and runs to Tuesday.

For more on PX visit ICIS chemical intelligence

By: Mahua Chakravarty
+65 6780 4359

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